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A little-known fact for you: Daniel Ek doesn’t take an annual salary from Spotify. Then again, why would he? The single largest shareholder in Spotify at the close of 2022 was Ek, who held 31.93 million ordinary shares in the company, or 16.5% of the total, according to SEC filings. At SPOT’s current share price on the NYSE (USD $161.82) those 31.93 million shares

Global recording industry group IFPI, in conjunction with its Brazilian counterpart Pro-Música Brasil, has hailed the successful shutdown of a prominent illegal file-sharing platform in Brazil. Cyber Gaeco, a special cybercrime unit under the São Paulo’s prosecutor’s office, took down FileWarez.tv following calls from IFPI and the Brazilian anti-piracy body APDIF. IFPI on Wednesday (October 25)

YouTube Music has unveiled an experimental feature that lets users create personalized playlist art using artificial intelligence. The experimental tool debuted on Tuesday (October 24) for English-language US users on YouTube Music, with plans for expansion into additional regions and languages. “The guided experience allows users to effortlessly explore from a range of visual themes and options to

UK-based royalty collection and distribution organization PRS for Music has marked a new milestone in October , achieving a record-breaking quarterly royalty distribution (for Q3) of $288.7 million (£239m). “It is the largest single royalty payment in its 109-year history and over 4,000 members received their first royalty payments this month,” PRS said in a blog post on Tuesday (October 24). The

It’s the story that got the whole music industry nattering. Yesterday, via sources close to the situation, Music Business Worldwide broke the news that major changes to Spotify’s royalty model are coming to the service in Q1 2024. In summary, those changes are: The introduction of a threshold of minimum annual streams before a track starts generating royalties on

HarbourView Equity Partners has closed a deal with the estate of the late Christine McVie to acquire the iconic artist’s share of Fleetwood Mac’s recorded music royalties. Notably, McVie’s contributions to Fleetwood Mac’s Grammy-winning album Rumours included You Make Loving Fun, Don’t Stop and the piano ballad Songbird. HarbourView was founded in 2021 by former Tempo Music CEO Sherrese Clarke Soares

Canadian singer, songwriter and record producer Grimes is delving deeper into artificial intelligence with a new project that would allow creators to use over 200 AI-generated tracks featuring her voice in their video content. The artist teamed up with Los Angeles-based design and development studio CreateSafe and music technology platform Slip.stream to allow creators to incorporate GrimesAI songs in

“A new part of the Spotify modus operandi is our focus on efficiencies,” CEO Daniel Ek told investors on the company’s Q3 earnings call on Tuesday (October 24). “[CFO] Paul [Vogel] and myself and the rest of the management team [are] constantly looking at how we can make improvements, and we’re constantly finding new ways to bring more efficiencies

Earlier today (October 25) we reported that the company, founded by former Tempo Music CEO Sherrese Clarke Soares, has closed a deal to acquire Christine McVie’s share of Fleetwood Mac’s recorded music royalties from the late artist’s estate. HarbourView has also announced today that it has agreed to acquire a share of “select” recorded music and publishing